A place to find news, research and discussion on economic issues related to the impact of globalisation on the environment

Wednesday, January 21, 2009

Tradable Permits in Developing Countries

I have fallen behind with my reading. I will be posting some academic abstracts in the next few days that will look at papers that I need to read but are (usually) related to "globalisation and the environment".

This first paper is related to the ETS and looks at how such a scheme can work in a developing country. Given the rise of China and India there are possible lessons to be learnt.

Santiago was one of the first cities outside the OECD to implement a tradable permit program to control air pollution. This paper looks closely at the program’s performance over the past ten years, stressing its similarities and discrepancies with trading programs implemented in developed countries, and analyzing how it has reacted to regulatory adjustments and market shocks. Studying Santiago’s experience allows us to discuss the drawbacks and advantages of applying tradable permits in less developed countries.

No comments:

About me

This blog is written by Professor Rob Elliott, an academic economist, with an interest in all things international and environmental..I am currently a Professor of International and Environmental Economics at the University of Birmingham..Find me at my homepage.

This weeks read

Following the recent workshop on the "Economics of the Stern Review" and the fuss caused by the "great global warming swindle" this book represents an excellent introduction to the topic. Chapter 6 is the chapter it all hinges upon.